PLEASE ENLARGER THE CHART.
1) IPCL TARGETING 317 BEFORE FEB 18TH WHICH IS SUPPOSED TO BE
MAX TIME DATE. CAN REACH THE TARGET BEFORE THAT DATE.
SEEING THE VELOCITY ON ROC LINE CROSSING ZERO LINE.
SECOND LEVEL TARGET ON THE CARD AT 337
HIGHER BOTTOM INDICATING THE UPTREND.

2)TREND CHANGE CAN BE PROVED AFTER 291.
BLUE TREND LINE HAS ALSO BEEN CUT INDICATING TREND CHANGE
AND SIMPLE MOVING AVERAGE (32 DAYS SMA) HAS BEEN CROSSED.
krishnapvm@yahoo.co.in

SHREE YANTRA TRADERS

invitation to debate

invitation to debate bse oil and gas index please enlarge the chart.

it has taken the largest correction compared to previous correction the previous bull wave.

pull back occured after the large correction now just falling short of previous high.(pull back seldom fails when bear wave starts)

taken resistance at radium number.

forming lower tops which indicates weakness.

forming a wedge pattern or an ending diagonal or a failed fifth of elliot

now.

and long term trend lines is cut.

indicating weakness

please comment and discuss and debate.

humbly yours

shreeyantratraders

krishnapvm